Multifamily Garden/Low-Rise Apartment Building

This fully occupied seven–unit apartment building in Hagerstown represents a strong and stable multifamily investment. Licensed with the City of Hagerstown and current lead-certified, the property is professionally managed and positioned for consistent cash flow. Recent capital improvements include a new roof installed in 2022 and upgraded electric service with new meters, reducing near-term maintenance concerns. The building offers a well-balanced unit mix with one studio of approximately 500 square feet, two one-bedroom apartments of approximately 615 square feet each, and four two-bedroom apartments of approximately 850 square feet each, totaling more than 5,100 rentable square feet. A rear parking lot provides space for five vehicles, and a detached two-car garage offers additional income potential.

Situated within walking distance of the Entertainment and Arts District, the Washington County Free Library, and City Park, the property also benefits from access to the public bus line. With strong tenant demand in this submarket and limited new multifamily supply, this seven-unit building represents a stable, income-producing asset in a growing area of Hagerstown. The property sits on a 0.34-acre lot directly across from the new Hagerstown Multi–Use Sports and Events Facility and only two blocks from Downtown. It is within walking distance of the Arts and Entertainment District, the Washington County Free Library, and City Park, and also benefits from access to the public bus line. With a strong history of stable occupancy and consistent tenant demand in a submarket with limited new supply, this investment offers both reliable income today and long-term appreciation potential in a growing area of Hagerstown.

133–135 Summit Avenue is ideally located in the heart of Hagerstown, Maryland, directly across from the new Hagerstown Multi–Use Sports and Events Facility. The property is just two blocks from Downtown, placing it within easy walking distance of the Arts and Entertainment District, the Washington County Free Library, City Park, restaurants, shops, and cultural venues. Public bus service runs nearby, providing convenient access throughout the city. Hagerstown has experienced renewed investment and growth in recent years, with significant revitalization efforts underway in the Downtown core. The Multi–Use Sports and Events Facility is a key driver, expected to attract year-round visitors, increase foot traffic, and support surrounding residential and commercial development. This central location ensures steady tenant demand and positions the property for continued long-term appreciation.

Regionally, Hagerstown benefits from excellent highway connectivity via Interstates 70 and 81, making it a strategic hub within the Washington, D.C.–Baltimore metro corridor. The city also draws from neighboring markets such as Frederick, Martinsburg, and Chambersburg, providing access to a broader tenant base and expanding pool of investors. This strong regional position, combined with ongoing local development, enhances the property’s stability and long-term growth potential.

The regional context further enhances the property’s appeal. Hagerstown anchors the Hagerstown–Martinsburg metropolitan area and serves as the commercial and industrial hub of Western Maryland, South Central Pennsylvania, and the Eastern Panhandle of West Virginia. With direct connections to Interstates 70 and 81, the property enjoys excellent access to Washington, Baltimore, and Harrisburg, making it an attractive long-term investment.